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Global Retirement Partners LLC Boosts Stake in CarMax, Inc. (NYSE:KMX)

Global Retirement Partners LLC increased its position in CarMax, Inc. (NYSE:KMXGet Rating) by 1.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,012 shares of the company’s stock after buying an additional 145 shares during the period. Global Retirement Partners LLC’s holdings in CarMax were worth $725,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in KMX. WD Rutherford LLC purchased a new stake in shares of CarMax in the first quarter worth about $26,000. Whittier Trust Co. raised its position in CarMax by 480.0% during the first quarter. Whittier Trust Co. now owns 290 shares of the company’s stock valued at $28,000 after purchasing an additional 240 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC raised its position in CarMax by 960.6% during the first quarter. Dixon Hughes Goodman Wealth Advisors LLC now owns 350 shares of the company’s stock valued at $34,000 after purchasing an additional 317 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in CarMax during the fourth quarter valued at approximately $38,000. Finally, CVA Family Office LLC raised its position in CarMax by 248.1% during the first quarter. CVA Family Office LLC now owns 470 shares of the company’s stock valued at $45,000 after purchasing an additional 335 shares during the period. 96.11% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on KMX shares. JPMorgan Chase & Co. decreased their price objective on CarMax from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, September 9th. Bank of America downgraded CarMax from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $146.00 to $100.00 in a research report on Friday, September 9th. Royal Bank of Canada upped their target price on CarMax from $104.00 to $108.00 and gave the company an “outperform” rating in a research note on Monday, June 27th. Morgan Stanley cut their target price on CarMax from $140.00 to $124.00 and set an “overweight” rating on the stock in a research note on Thursday, July 14th. Finally, Wedbush upped their target price on CarMax from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Monday, June 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, CarMax has a consensus rating of “Hold” and a consensus target price of $118.56.

CarMax Stock Down 0.4 %

CarMax stock opened at $79.49 on Monday. The business has a fifty day moving average of $92.74 and a two-hundred day moving average of $94.19. The company has a quick ratio of 0.63, a current ratio of 2.72 and a debt-to-equity ratio of 3.29. The firm has a market cap of $12.65 billion, a P/E ratio of 13.50, a P/E/G ratio of 2.22 and a beta of 1.40. CarMax, Inc. has a twelve month low of $76.00 and a twelve month high of $155.98.

CarMax (NYSE:KMXGet Rating) last posted its earnings results on Friday, June 24th. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.05. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.38 billion. CarMax had a return on equity of 18.40% and a net margin of 2.88%. During the same quarter in the prior year, the business earned $2.63 earnings per share. On average, analysts forecast that CarMax, Inc. will post 5.67 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Mohammad Shamim sold 3,456 shares of the stock in a transaction on Monday, July 18th. The stock was sold at an average price of $93.91, for a total transaction of $324,552.96. Following the completion of the sale, the executive vice president now owns 8,769 shares in the company, valued at approximately $823,496.79. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Diane L. Cafritz sold 18,092 shares of the stock in a transaction on Friday, July 1st. The stock was sold at an average price of $91.06, for a total transaction of $1,647,457.52. Following the completion of the sale, the executive vice president now owns 4,988 shares in the company, valued at approximately $454,207.28. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Mohammad Shamim sold 3,456 shares of the stock in a transaction on Monday, July 18th. The shares were sold at an average price of $93.91, for a total value of $324,552.96. Following the sale, the executive vice president now owns 8,769 shares of the company’s stock, valued at approximately $823,496.79. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,103 shares of company stock worth $3,445,847. Insiders own 1.65% of the company’s stock.

CarMax Profile

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CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. The company operates through two segments, CarMax Sales Operations and CarMax Auto Finance. It offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.

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